Wednesday, June 27, 2007

Gold Closes .50 Cents Lower Today..........

In anticipation of key Economic reports and the final day of the FOMC meeting looming tomorrow my belief is many traders are sitting on the side-lines today.The Gold trade was very choppy and traded off the movement of the U.S Dollar today. A volatile $4.60 point range today.
Key Reports for Thursday 6/28 :..EXPORT SALES...GDP...JOBLESS CLAIMS...(7:30 am CST.) FOMC MEETING (9:00am. CST)....
HIGH....647.50....LOW.....642.90 ....CLOSE....644.80...............
U.S. Dollar up 2 points and Crude Oil up 100+ points at the Gold close................
The following are my guide-line numbers for 6/28...AUGUST GOLD............
resistance #2.................649.50
resistance # 1................647.00
pivot......645.00
support #1......................642.50
support #2......................640.00

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CHECK OUT WWW.COMMODITYTRADER.COM I'VE WRITTEN SEVERAL ARTICLES....

TRADE SMART.......................................

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